“The IPO has enabled the participation of more than 3,000
investors in Megaport’s future as we strive to deliver on our vision to create
a better way for networks and cloud to interconnect,” said Bevan Slattery,
executive chairman and founder of Megaport.

The IPO funds will be used on the construction, operation
and maintenance of Megaport’s North American and European networks.

“This milestone allows Megaport to accelerate its business
plans, to extend the platform deeper into existing markets, and to expand into
new markets, including markets within North America, Europe, and Asia,” said
Denver Maddux, Megaport CEO.